Trading bitcoin on fidelity
Oct 14, · According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets. Dec 09, · Tom Jessop, president of Fidelity Digital Assets, said the new service caters to Bitcoin investors who are not ready to part with crypto assets but want to turn their digital stash into cash without selling. Based on a 60% loan to value ratio (LTV), potential customers include hedge funds, crypto miners and over-the-counter trading desks. However, those who have a Coinbase digital currency account can arrange to view those balances on aicrypto4.de Although Bitcoin futures are now available for trading on the CBOE and CME, Fidelity does not currently have any plans to offer Bitcoin futures trading for its retail brokerage customers.
Trading bitcoin on fidelityFidelity Set to Roll Out Bitcoin Trading 'Over the Coming Weeks' - aicrypto4.de
According to Bloomberg , inside sources say Fidelity Investments plans to launch a Bitcoin trading platform. Commenting on the matter to Bloomberg , Arlene Roberts, a spokesperson for the company said :.
Currently, our service offering is focused on Bitcoin. Such a move would provide further institutional exposure to the top-ranked cryptocurrency. Back in , the company announced the launch of Fidelity Digital Asset s — a cryptocurrency custodial platform. As reported by Bitcoinist on Friday May 3, , a research survey commissioned by the company also showed increasing institutional appetite for cryptocurrencies. Fidelity will be joining an increasing pool of institutional players beginning to offer Bitcoin trading.
These reports come at a time when BTC is enjoying a positive run and potentially increases the optimism about the asset class. Bitcoin is up more than 50 percent since the start of the year. The top-ranked cryptocurrency has followed its positive price run in April with a strong start to May so far.
I would be remiss if I could state a date, but definitely on the road map…. I think to be a digital asset custodian, and offering proof of stake assets, you definitely have to offer staking services. It puts you at a disadvantage, so I would expect us to build up those services once we can support Ethereum. Sandler says the focus among large investors in the crypto space remains centered on the leading cryptocurrency, Bitcoin.
On occasion, we do hear from investors that are seeking access to Ethereum, but most of what we still hear is Bitcoin. So, the predominant institutional narrative is around Bitcoin. Please check your inbox or spam folder to confirm your subscription.